Bonnier Business Press AB announced it has acquired majority shares in news site Deutsche Wirtschafts Nachrichten. Founded in 2012, the site is a fast-growing new player in the German business news market and already has some 2 million unique visitors per month. Under the transaction, Bonnier Business Press acquires a 51-percent share from the site’s publisher, BF Blogform Social Media GmbH. Taylor Wessing advised Bonnier on all relevant legal issues connected with the stake taken by the new investor. The firm has been advising Bonnier on transactions with its German holdings for several years.

Michael Maier and Christoph Hermann will continue with the company as publisher and managing director respectively. Since its founding, Deutsche-wirtschafts-nachrichten.de has been Germany’s fastest growing business news media online with the biggest reach in social media. Bonnier Business Press has business-to-business operations in 10 countries with a focus on business news media and niche products for business professionals.

Legal advisors to Bonnier Press:

Taylor Wessing: Lead – Carsten Bartholl, (Corporate M&A Partner), Alexander Rodion Roth (Corporate M&A Partner), Dr. Felix Keinath (Corporate M&A Associate), Frauke Uhlenbroock (Corporate M&A Associate), Dr. Jan Kern (Employment Partner), all Hamburg.